Pivot Trading

Try not guessing.Projecting that is.Watch PA
Often you might become victim of your own perception but not of the market.

Great trading buddy. keep it going and inspiring

Its important to recognize that lot of USD bulls have perhaps already priced in the hike and despite of green data there is obviously not that much interest to buy USD ATM
you might become the "late retail buyer of USD" getting tail end of the trend

Lets watch this

Still running

AN, bounced off the PP, I hit the sell button, but we are stuck on this point over on the far left. I am in profit, wanted the S38, but prob. gonna pull the plug with the pips I have.

IMO most of it is a waste of time ...... IMO going in2 a trade wit a perception of wat is gonna happen is doom ......

update - all out - NCad didnt make it but NU could have build on the trade but timing was out .... but all good

Closed EURCAD +168

Hey Griff, nice pair of correlated trades, thanks for the explanation.

NU : triple top on H1 just above R78, lets see how this goes...

Mein erster Handel für heute.
Ich hoffe , dass ich es richtig gemacht haben

I have a question: For the TF 15, 30, 60 and 240 min, the day or weeks Pivo is better? I'm not sure what is better here.

Hi Davit and all,

Hope all is well with your family and may your son recover soon. I would like to thank you for this wonderful system. I'm new here. Please don't ban me.
I've read the entire 266 pages of this thread. I know this thread is for traders with 2years experience, but i want to learn from the best! Learning from pivoters. I've read the babypips.com Reading the materials available here and watching the Mark Douglas video. I still have a lot to learn. Chart all loaded with your template. ADR, TDI, Voty_Pivot. I'm still on demo account but taking it seriously. i figured i needed a system, a systematic way to approach the market before i go live.

I was introduced to Fx trading, for some people Forex trading.. in 2005, 11years ago. Tried trading news but i still felt i didn't know what i was doing. Most of the profits, i felt were luck. Went to live account and underestimated the psychological aspect of trading. Let's just say i couldn't handle it, lost without a proper system. Pulled out my money after that. Went through life. I introduced fx trading to a family friend and relative. After a couple of years, one was successful and the other not. i believe i can do it. Now i'm back and i will not give up.

I'm happy that i found this system. It can streamline my learning process, focus on the essential. Price action at pivot levels with psychological aspect of it. Multiple entries and small lots! I was reading an e-book that i found online about this individual who traded fx and he was mentioning about pivot lines. i got curious and after some research i found this thread. Loaded your pivot and i was simply amazed at how price respected these pivot lines. I'm amazed.

Thank you again, i will definitely be around this thread a lot.
Happy trading to all.

EURCAD, rejected the PP, rejected the Daily Open line. Went down to the S38, took profit.

Skipper, if you refer to page 1 it says clearly the type of Pivot used - Weekly. Thats how Davit trades. Having said that I believe GS and Arjun use monthly Pivot's as well. There really is no "better or worse" Pivot method to use. It just helps you to frame a picture where price MAYBE rejected. I emphasize that because sometimes it just shoots through.

Cheers
MR

Took 3 entries on this Pair,

1st Entry - In Profit Price reversed
2nd Entry - It looked like price was turning but it was again rejected (Didnt wait for the candle to close)
3rd Entry - Almost historical Low, took an entry after the Bull candle.

Cheers
MR

[Quote = mraam; 9301923] {quote} Skipper, wenn Sie auf Seite 1 finden Sie sagt, es ist eindeutig die Art der Pivot verwendet - Weekly. Das ist, wie Davit handelt. Nachdem das nun gesagt, dass ich glaube, GS und Arjun als auch monatliche Pivot ist verwenden. Es gibt wirklich keine "besser oder schlechter" Pivot-Methode zu verwenden. Es hilft nur ein Bild zu Bild, wo der Preis MAYBE abgelehnt. Ich betone das, weil es manchmal gerade schießt durch. Prost MR [/ quote]

Thank you very much